For this probing look at the newly released PMBOK 6, we convened a panel of experts for a rousing roundtable discussion. Host Kendall Lott talks with Stephen Devaux, Michael Hannan, and Randall Iliff about what’s good, what’s interesting, and what’s missing in the latest iteration of the PMBOK Guide. Among the topics covered are: projects as investments; time as a resource; flow; and more.
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Steve Devaux, MSPM, PMP, is President of Analytic Project Management, Boston, MA, a PMI Global R.E.P. founded in 1992. Major corporate clients include Siemens, BAE Systems, Wells Fargo, Texas Instruments, Wyeth Pharmaceuticals, MIT Lincoln Labs, iRobot, L-3 Communications, American Power Conversion, and Respironics.
Devaux’s newest book Managing Projects as Investments: Earned Value to Business Value came out from CRC Press in September 2014. He is also the author of Total Project Control, the second edition of which was published by CRC Press in March 2015. He contributed chapters on his new CPM metric, critical path drag, in two 2013 books: Project Management in the Oil and Gas Industries and Handbook of Emergency Response. He is the author of numerous articles and PMI webinars, and a frequent speaker at PMI Chapter meetings throughout the US. He also authors a blog on advanced practices in project management several times a week at www.TotalProjectControl.com.
Over the years, he has taught graduate project management courses at Suffolk University, Brandeis University and University of the West Indies/Barbados and in Executive Education programs at Bentley University and UMass/Lowell.
Mike Hannan is Founder and Principal Consultant for Fortezza Consulting, LLC, which helps CIOs, IT PMO Directors, and project teams improve the speed and reliability of their Project Portfolios. Mr. Hannan brings over 20 years’ experience as a Consulting Executive, IT Project Portfolio and Program Manager, Process Engineer, and Software Architect/Engineer/Designer/Tester. His background in Project Portfolio Management started at NASA in the early 1990s supporting large, complex programs such as the International Space Station and High-Performance Computing & Communications (HPCC). He has managed and consulted on $500M+ project portfolios, and trained CIOs and other senior executives in Federal Civilian, Military, and Commercial environments. Mike has been an active speaker at industry events, including local PMI chapter and community meetings, webinars, PM Symposia, and in the Agile community. He is a leading innovator of disciplined ways to integrate Agile, Lean, Critical Chain, and other techniques to drive dramatic breakthroughs in the performance of IT Project Portfolios. Mr. Hannan has been a PMP since 2005, and is a member of both the PMIWDC and Montgomery County chapters. He has been a Theory of Constraints Jonah since 2011, and has Masters degrees in Information Technology and International Affairs. He is also a devoted father of 3 teenage boys, a competitive masters-level track athlete, and an amateur oenophile.